Oil remains under strong pressure on prospect of US rate hike acceleration; US labor data eyed for…
The WTI crude oil price remains firmly in red for the fourth straight day and on track for a strong weekly drop.
Oil price lost traction after probe above psychological $80 barrier failed to hold gains and accelerated sharply lower on…
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Technical studies warn of fresh weakness but US jobs data seen as a key driver
The Euro remains at the front foot in European session on Friday and extends recovery into second straight day, retracing almost 50% of post Powell’s sharp fall.
Bounce from Wednesday’s two-month low (1.0524) is struggling at the first…
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Sterling extends recovery on better than expected UK GDP; US NFP is next
Cable rose further in early Friday’s trading, extending the rally on Thursday (up nearly 0.80%) sparked by unexpected acceleration in US weekly jobless claims (strongest rise in five months).
Additional support for sterling came from UK…
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US Dollar – post-Powell rally runs out of steam, focus turns on US labor report
The dollar eases on Thursday, as investors collected some profits from post-Powell’s rally and positioning for next key event this week – US labor report on Friday.
The greenback rose to the highest in more than three months against the…
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Aussie falls on RBA’s dovish shift; Powell’s testimony in focus for fresh signals
Aussie dollar lost ground on Tuesday, after the Reserve Bank of Australia raised its cash rate by 25 basis points to the highest in more than a decade, in line with expectations, but tempered tone on unexpected dovish rhetoric in the…
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Oil price rose to five-week high on renewed supply concerns
The WTI oil is consolidating under new five-week high ($80.90) in early Tuesday, following strong acceleration higher in past few sessions.
Oil price was lifted by fresh supply concerns, mainly due to growing concerns about the disruption…
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Euro gains traction on hawkish comments
The Euro rose across the board in early US trading on Monday, lifted by hawkish comments from the chief of Austrian central bank, who said that the ECB should lift its interest rates to 4.5% in 50 basis points hikes at each of its next four…
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Weak data and high inflation threaten to further slow Eurozone’s economic recovery
Eurozone economic data, released on Monday, showed weaker than expected values, adding to concerns about slower economic growth and signaling that the economy would remain on the slow lane, despite optimistic signs that immediate threats of…
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Aussie dollar stands at the back foot ahead of RBA policy meeting
Australian dollar dips on Monday, dragged lower by weaker Chinese yuan, but remains within a congestion which extends into sixth straight day.
Traders await RBA’s policy meeting (due early on Tuesday) for fresh signals, as the central bank…
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Bitcoin – bears a taking a breather after strong fall on Friday
Bitcoin is consolidating after strong fall last Friday (down 5.3% for the day, the biggest daily drop since Nov 9) and keeping negative tone.
The price fell below 22000 mark (although manage to register a marginal close above this level)…
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